California Probate Code 21 – “Account,” when used to mean a contract of deposit of funds between a …
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“Account,” when used to mean a contract of deposit of funds between a depositor and a financial institution, includes a checking account, savings account, certificate of deposit, share account, mutual capital certificate, and other like arrangements.
(Enacted by Stats. 1990, Ch. 79.)
Terms Used In California Probate Code 21
- Contract: A legal written agreement that becomes binding when signed.
- Financial institution: means a state or national bank, state or federal savings and loan association or credit union, or like organization. See California Probate Code 40
- Mutual capital certificate: has the meaning given that term in §. See California Probate Code 23
- Savings account: has the meaning given that term in §. See California Probate Code 23